Vallourec today announces that Valinox Nucléaire, its subsidiary specialising in the production of tubes for nuclear power plants, has been awarded a contract by Areva to manufacture tubes for the steam generators of two reactors of 1300 MW.

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Boulogne-Billancourt, 8 February, 2012 –
Vallourec, world leader in premium tubular solutions, today announces that
Valinox Nucléaire, its subsidiary specialising in the production of tubes for
nuclear power plants, has been awarded a contract by Areva to manufacture tubes
for the steam generators of two reactors of 1300 MW.

This contract relates to the EDF programme
announced in September 2011, to gradually replace large components of its 1300
MW power plants, which attributed the building of new steam generators for 11
reactors to Areva and Westinghouse.

The steam generators feature an inner circuit
made up of 122 kilometres of nickel-alloy tubes designed to create steam, which
is then used to produce electricity via a high-power turbine.

Nicolas de Coignac, Managing Director of
Vallourec’s Power Generation activities, said: “This contract recognises the
expertise and competitiveness of Valinox Nucléaire in tubes for steam
generators, and puts us in a good position for the remainder of the programme.
It acknowledges our contribution to the excellence of the French nuclear sector
and will bring a significant share of activity to Valinox Nucléaire’s plant in
Montbard.”

World leader in steam generator tubes designed
for nuclear power plants, Valinox Nucléaire is a wholly-owned subsidiary of
Vallourec. In 2011, Valinox Nucléaire completed an extension to its production
capacity at its plant in Montbard (Burgundy, France), multiplying its
production capacity by close to 3. Valinox Nucléaire today employs 500 people
in Montbard.

About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.

With over 20,000 employees, integrated manufacturing facilities, advanced R&D, and presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the growing energy challenges of the 21st century.

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